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Home / Support and Resistance / Dunelm (DNLM.L) 18-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Dunelm (DNLM.L) 18-10-19

Will shares in Dunelm (DNLM.L) break upwards or fall back to the 731p support yet again? (-15%)?

 

  • Now trading close to 871p resistance at 861.0p (at time of writing).
  • The resistance has been reliable recently. Will the resistance hold this time?
  • Will the share price rebound once again to recent support of 731p? (-15%).
  • Technical traders should be mindful of price-sensitive news and events.
  • Shares -12% from 12-month highs; +78% from 12 month lows.

Latest News

15 Oct:  RBC Capital Markets has upgraded its rating on Dunelm Group (DNLM) to sector performer (from underperform).

10 Oct:  Peel Hunt has upgraded its rating on Dunelm Group (DNLM) to add (from hold).

10 Oct:  Dunelm, the homewares retailer, stated that like-for-like sales rose 6% in Q1 despite the relative weakness in the homewares market, along with greater political uncertainty.

04 Oct:  Peel Hunt has downgraded its rating on Dunelm Group (DNLM) to hold (from add).

06 Sep:  HSBC has upgraded its rating on Dunelm Group (DNLM) to hold (from reduce).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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